Sars closes in on Czech fugitive

2013-11-17 12:03
Radovan Krejcir (Picture: AP)

Radovan Krejcir (Picture: AP)

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Police investigate Krejcir store bombing

2013-11-13 11:55

Police are continuing their investigation into a bombing at the store of Czech fugitive Radovan Krejcir. Watch.WATCH

Pretoria - Czech fugitive Radovan Krejcir’s problems intensified last week when the South African Revenue Services slapped a preservation order on him after an investigation found that he had under disclosed his taxable income to the amount of R114m.

Krejcir’s Bedfordview mansion is now under curatorship, as are his cars and motorbikes, reported the Sunday Times.

This latest move has added to Krejcir’s long list of problems and comes hot on the heels of a bomb blast last week outside the Czech’s money-lending business in Bedfordview, Johannesburg. Two people died in the explosion.

According to police, Krejcir was not a suspect.

Assets placed under curation

According to a report earlier this month, Krejcir has had all his assets placed under the control of a curator.

A Sars spokesperson confirmed reports that Sars had obtained a court order following a preservation order issued by the North Gauteng High Court in Pretoria. The tax collection body did not offer any further comment on the matter.

The action was taken in terms of the Tax Administration Act based more than R59m in taxes, penalties and interest owed by Krejcir, said the Mail & Guardian online.

The assets affected also included 15 other entities linked to Krecjir, his wife and his son, said the Mail & Guardian report.

Read more on:    sars  |  radovan krejcir

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